Investment Real Estate topics throughout California and sometimes further! Mario Pinedo has been a Realtor since 1991 in Silicon Valley and has sold throughout California and the West. His primary investment vehicle is multi-family rental properties. Mario focuses on major markets from San Diego, Orange County, Los Angeles, San Jose, San Francisco and northern California. He currently lives in Irvine, CA.

Tuesday, September 29, 2009

In 2003 Kohl's - based out of Wisconsin - opened 28 stores in California. A market that any retailer would want to be in. This was made possible by the bankruptcy of KMart. Kohl's bought the leases through the bankruptcy court at a discount and in bulk. Late last year, Kohl's successfully bid on 30+ leases that Mervyn's had at that bankruptcy auction. Now, tomorrow, Kohl's is having a mass grand opening expansion of 37 stores - most in California. This is a good sign that there are still good fundamentals in retail amidst all the retail store closures recently. If you can buy a discounted lease and have decent retail sales of mass market appealing wares, you can be profitable. Kohl's further steps in to the battle with market segment leader Target - who had owned Mervyn's until 2004 when it sold to a private equity partnership. Smart move Target! And perhaps a better move for Kohl's - we shall see...

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Bay Area Commercial & Residential Invesment Real Estate Team

Mario Pinedo, CCIM - Commercial, Residential & Investment Realtor since 1991. Mario has been advising clients in the purchase of their home, rental properties, investment and commercial properties. He brings deep knowledge of what to buy, where to buy, how to buy and when to buy. Please ask him for his advice on your next real estate transaction. Mario is a real estate Broker and provides residential & commercial sales, leasing and lending services.

Mike Priolo - Commercial Landlord and Tenant Representative for Retail, Industrial and Office space throughout the San Francisco Bay Area. Mike has extensive knowledge throughout the industry with previous employment as a commercial real estate researcher, supporting a residential developer and processing commercial loans.

Hana Yang - Commercial and Residential investment knowledge having participated directly in projects in San Jose and Los Angeles. Projects include new installations of laundry business and single tenant NNN school facility.